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Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Form 5500 Filing Information

Submission information for form 5500 for 401k plan

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0202023-01-01MELISSA VERSNIK2024-06-05
0202022-01-01MELISSA VERSNIK2023-06-23
0202021-01-01NEIL SHIFMAN2022-06-03
0202020-01-01NEIL SHIFMAN2021-05-19

Plan Statistics for

401k plan membership statisitcs for

Measure Date Value
2025: 2025 401k membership
Total number of particpants at beginning of year2025-07-0717
Total number of particpants at end of year2025-07-0717
Number of Participants With Account Balances2025-07-0712
2024: 2024 401k membership
Total number of particpants at beginning of year2024-06-0517
Total number of particpants at end of year2024-06-0515
Number of Participants With Account Balances2024-06-0512
2022: 2022 401k membership
Total number of particpants at beginning of year2022-06-039
Total number of particpants at end of year2022-06-0311
Number of Participants With Account Balances2022-06-039

Financial Data on

Measure Date Value
2025 : 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-0760354
Net assets as of the end of the plan year2025-07-07732571
Total assets as of the beginning of the plan year2025-07-07574247
Value of plan covered by a fidelity bond2025-07-0780000
Participant contributions to plan in this plan year2025-07-07105442
Other contributions to plan in this plan year2025-07-070
Other income to plan in this plan year2025-07-0780339
Plan net income in this plan year2025-07-07158324
Net assets as of the end of the plan year2025-07-07732571
Net assets as of the beginning of the plan year2025-07-07574247
Employer contributions to plan in this plan year2025-07-0732897
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-076007
2024 : 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-053672
Net assets as of the end of the plan year2024-06-05574247
Total assets as of the beginning of the plan year2024-06-05311706
Value of plan covered by a fidelity bond2024-06-0560000
Participant contributions to plan in this plan year2024-06-0592718
Other expenses paid from plan in this plan year2024-06-050
Other contributions to plan in this plan year2024-06-0572709
Other income to plan in this plan year2024-06-0574160
Plan net income in this plan year2024-06-05262541
Net assets as of the end of the plan year2024-06-05574247
Net assets as of the beginning of the plan year2024-06-05311706
Employer contributions to plan in this plan year2024-06-0526626
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-053672
2022 : 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-033071
Net assets as of the end of the plan year2022-06-03252302
Total assets as of the beginning of the plan year2022-06-03145339
Value of plan covered by a fidelity bond2022-06-0330000
Participant contributions to plan in this plan year2022-06-0360695
Other income to plan in this plan year2022-06-0329003
Plan net income in this plan year2022-06-03106963
Net assets as of the end of the plan year2022-06-03252302
Net assets as of the beginning of the plan year2022-06-03145339
Employer contributions to plan in this plan year2022-06-0320336
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-031475

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